Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Wickes Group ( (GB:WIX) ) has issued an announcement.
Wickes Group PLC, a prominent company in the home improvement retail sector, has announced the purchase of 35,272 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 223.00 to 225.00 pence, with a weighted average price of 223.96 pence. This transaction brings the total number of shares repurchased under the program to 7,298,394. The company intends to cancel these shares, reducing its issued share capital to 234,767,905 shares, which will also be the total number of voting rights available to shareholders. This move is part of Wickes’ strategy to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £275.00 price target. To see the full list of analyst forecasts on Wickes Group stock, see the GB:WIX Stock Forecast page.
Spark’s Take on GB:WIX Stock
According to Spark, TipRanks’ AI Analyst, GB:WIX is a Neutral.
Wickes Group’s overall stock score reflects moderate financial health with strong cash flow but challenges in revenue growth and high leverage. Technical indicators suggest potential resistance and bearish momentum, while valuation metrics indicate fair value with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 559,833
Technical Sentiment Signal: Buy
Current Market Cap: £501.8M
Learn more about WIX stock on TipRanks’ Stock Analysis page.